Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assuming customers order in relatively predicted cycles, this is the stock necessary to fill orders through the time cycle. The cycle may be determined by

Assuming customers order in relatively predicted cycles, this is the stock necessary to fill orders through the time cycle. The cycle may be determined by a number of factors. Two key factors may include the time necessary to produce the product plus the transit time required to transport the freight to the customer. Suppose it takes 5 days to produce after an order is placed. In addition, it takes 4 days to transport because the carrier utilizes intermodal services to reduce transportation costs. In such a case, the producer would need __ days of inventory to satisfy customer demand from the time the shipment arrives until the next one arrives. a. 8 b. 9 c. 4 d. 5 e. None of the options

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Methods For Business

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam

11th Edition

978-0324651812, 324651813, 978-0324651751

More Books

Students also viewed these General Management questions